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UNITED STATES v. PEGG

No. 84-6308.

782 F.2d 1498 (1986)

UNITED STATES of America, Plaintiff/Appellee, v. Thomas Moore PEGG, Defendant/Appellant.

United States Court of Appeals, Ninth Circuit.

Decided February 19, 1986.

Attorney(s) appearing for the Case

William B. Spivak, Jr., Asst. U.S. Atty., Los Angeles, Cal., for plaintiff/appellee.

Thomas J. Flesher, Murrieta, Cal., for defendant/appellant.

Before MERRILL, Senior Circuit Judge, TANG and BOOCHEVER, Circuit Judges.

BOOCHEVER, Circuit Judge.

Thomas Pegg appeals the district court's decision characterizing him as a constructive trustee of property for the benefit of the United States. Because we hold that the district court properly found that Pegg breached the trust he owed the United States, we affirm the district court's award to the United States of the fair market value of the property at the time Pegg sold it. We also find that Pegg is entitled to a $1,000 credit for the...

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